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Hero FinCorp is a best-in-class provider of Financing Solutions for both certified & non-certified Used Cars.

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Used Car Loans starting from INR 0.5 Lac to 50 Lac, available for all car brands.


Loan to Value of up to 175% of second hand car loan.


Hero FinCorp Pre-owned Car Loan is available in over 240 cities across India.


Quick Approval with tenure up to 5 years and competitive Used Car Interest Rates.



  • Hero FinCorp is a best-in-class provider of financing solutions for your NEW used car.

  • We finance both certified and non-certified cars of any make, model or variant.

  • Our loan products are available for Salaried, Self-employed individuals and business owners.

We have range of used car products :

  • Used Car Loan

  • Balance transfer of Car Loan

  • Loan Against Car



  • Quick and hassle-free approvals

  • Easy Documentation

  • Flexible Terms

  • Prompt Customer Service

  • Flexible Repayment Options

  • Low & Attractive Rate of Interest

  • Doorstep Service - Stay at Home, Get Finance

  • Attractive pricing for past or existing Hero FinCorp customers

    *Terms & Conditions Apply



  • Are you planning to buy your NEW used car? Then Hero FinCorp's Used Car Loans are your best choice.

  • We offer a wide range of cost-effective used car loan options, for both certified and non-certified cars. Our financing solutions feature multiple repayment options (PDC, NACH, ECS, etc.), flexible tenures and attractive interest rates.

  • We begin by understanding your financial needs, and then offer solutions best suited for your requirement.



  • At Hero FinCorp, we believe in providing prompt service and building strong & lasting relationships.

  • Our goal is to help you achieve all your dreams and aspirations

  • Take advantage of our low introductory interest rates and fantastic customer service.



Do you have a car and looking for a personal loan ? And do you need cash for your business or looking for more liquidity? Loan Against Car can help solve all these problems!

  • Cheaper than a personal / business loan

  • It involves lesser documentation hence lesser hassle

  • Easy and Quick Approval

  • Higher LTV (Up to 175%)

For further details and to know your eligibility amount, get in touch with us at

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  • Resident Indian with stability of 1 year
  • Age : 18+ years
  • Salaried: Employed for minimum 1 years
  • Business owners: Should be in business for minimum 1 year
  • Identity & address proofs (KYC documents)
  • Valid income proofs/Bank Statement
  • Passport Size Photograph

Features and benefits of Used Car Loans

  • You can take the used car loan for any brand of the car and the amount can range from INR 0.5 Lac to INR 50 Lac.

  • A high loan to value or LTV ratio of 90% can make it easy to buy any make or model without dipping into your savings.

  • Enjoy flexible tenures. You can get a maximum of 5 years to repay the loan comfortably and there are multiple repayment options like ECS, PDC, NACH, etc.

  • The application process is simple, can be done online and the loan is approved quickly.

  • Minimal documentation is required with doorstep service.

  • Whether you are salaried, self-employed or own a business, you can apply for a used car loan. You just have to be an Indian resident and above 18 years of age.

  • Interest rates are competitive, so that your EMIs are affordable. Past and current Hero FinCorp’s customers get better rates.

  • Expect prompt and efficient customer service at every step. Our executives are there to clear any doubts you might have.

  • You do not need to provide any collateral as the car is hypothecated until the entire loan is repaid.

  • Our used car loan is available in more than 300 Indian cities.

How to Apply for a Used Car Loan

If you are applying in person:

  • Please visit our nearest Hero FinCorp branch or office where our loan representative will help you discuss your loan requirements.

  • In the next step, you would be required to provide the required documents so that we can assess your eligibility.

  • If you are eligible, you will then be required to fill in an application form with all the necessary details.

  • Our representatives will help you to discuss and finalise the loan terms such as interest rate, tenure, processing fee and so on. Get an estimate of the EMI that you have to pay every month.

  • Once you are satisfied with the loan terms, you will be required to submit the application form as well as the documents needed

  • On successful submission and checking of our documents, your loan will be approved shortly and you will receive the loan amount in your account in 24-48 hours.

If you are applying online:

  • Visit our Used Car Loan page.

  • Get an idea about the EMI you have to pay by using our online EMI calculator. Enter the required loan amount you need, and the interest rate and tenure. You will get an idea about the EMI you have to pay.

  • Under “Apply for a Loan”, provide your first name, middle name, last name, mobile number, email ID and select your state and city from the list. You will also be required to enter your company or business name.

  • Then click on “ Apply Now ”.

  • Our executives will assess your application. Once your loan is approved, you will receive the loan amount in your bank account.

Things to do When Buying a Used Car

  • Examine the car closely: A used car should be checked thoroughly by a mechanic if you are not too sure or you lack the necessary knowledge. In case of any problem with it, feel free to negotiate the price quoted by the dealer. To check for vibrations, drive the car in an area where the traffic is less.

  • Make sure that the paperwork is accurate: Check the registration and insurance papers of the used car carefully. The engine and chassis numbers you see on the car should be the same as those mentioned on the papers. Find out if the car had any accidents through a close examination.

  • Check the history of the car: While a new car is bought from the showroom and is in good shape, a used car will come with some history. So, read up on all its details online and find out if it had faced any accident or wasn’t giving good service.

  • Get the registration certificate transferred: After you buy the used car, make sure that the RC gets transferred to your name. Moreover, if the car was registered in a different state, you will require a NOC or No Objection Certificate. Also, if the previous owner took a loan to purchase the car, you will need a NOC.

  • Get the insurance transferred: Right after the purchase,the car insurance must get transferred to your name. Remember that the insurance policy will have no value if it is still in the previous owner’s name, even if you have got the RC transferred to your name.

  • Go for a servicing: Before you start using the pre-owned car, get it serviced, so that nothing is out of order. For example, while servicing, the car will be cleaned thoroughly, the fluids will be changed and if there is any rust or dents, they will be fixed.

Factors that Impact Used Car Loan Interest Rate

  • Your credit score: Before approving the loan request, your credit worthiness is assessed. It is based on a number of factors such as both your current and closed credit accounts, the duration for which you used credit, and the history of payments you made. The better your credit score, the lower will be the interest charged.

  • Debt to income ratio: This ratio helps us understand what amount of money you might owe to different lenders with respect to your total income. So, if the ratio is low, you might be charged a lower interest.

  • Loan amount and down payment: The higher the loan amount, the higher is the interest rate charged. In other words, if you make a large down payment, you are considered more worthy as a borrower, and hence, the interest rate maybe low.

  • The car’s age: The age of the car affects its resale value, which we have to consider if the car has to be repossessed in the unfortunate scenario of a default. Since an older car will fetch lower resale value, the interest rate charged is higher.

  • Loan tenure: If the loan tenure is long, the interest rate charged is low. A high rate is charged if the tenure is short. So, your EMIs will be smaller in case of a long tenure.

Frequently asked questions(faqs)

Q1. What is the eligibility criteria for availing of a used car loan from Hero FinCorp?

Eligibility for a used car loan from Hero FinCorp depends upon an individual’s credit appraisal and past financial history, all loans are given at the sole discretion of the company.

Q2. What are the minimum and maximum used car loan amounts?

We provide loans from INR 0.5 lac to 50 lacs, the amount depends upon the age and condition of the vehicle along with the buyer’s repayment capacity.

Q3. What are the used car loan tenure options?

A minimum of 1 year and up to 5 years, while it depends upon the age and condition of the vehicle.

Q4. What should be the minimum age of a Salaried Individual applying for Used Car Loan?

The minimum age of applicant should be not less than 18 years.

Q5. How long will it take to get a loan?

Your loan takes about 24 to 48 hours depending upon the documents submitted and subsequent verification.

Q6. What is repayment schedule?

Repayment schedule provides outstanding principal after realization of each EMI along with the amount that needs to be paid during each EMI, with due dates and breakup.

Q7. What documents are required to change my communication/ mailing address?

A self-attested copy of any of the KYC document as mentioned in the Eligibility & Documentation section on the website. You can e-mail us the documents at or walk in to any of our branches along with your KYC documents.

Q8. How do I change my contact details/ phone number?

You need to call our call center helpline. Once your request has been taken it would be updated in our system.

Q9. I am an existing customer; can I apply for another loan?

Yes, you can apply for another loan but the approval will be based on your eligibility criteria.

Q10. I have repaid my loan successfully. Can I get finance now?

Depending upon your re-payment of previous loan you can be eligible for a special scheme.

Q11. Do I have the option of prepaying my loan?

Yes, you can foreclose depending on the terms in your loan agreement.

Q12. How much time will it take for my second hand car loan to be approved?

Our extensive network of branches at various locations, speedy and simple documentation process and the capability of our executive to take quick, smart decisions make sure that the process of obtaining a second hand car loan is quick and hassle-free.

Q13. Which cars can be financed for Used Car Loans?

We finance almost all cars as long as their ownership history is clear and they fully comply with Indian laws pertaining to personal vehicles.

Q14. Can I change my loan amount /tenure after disbursal?

No, changes to loan amount or tenure of loan cannot be made after the disbursal of the loan.

Q15. Can I get a top up loan?

Yes, you can get a top loan after payment of 10 regular EMI’s.

Q16.What is down payment or margin money?

It is the intial amount you need to pay at the dealership/ to the seller. It is the difference between the on road price and the approved loan amount.

Q17. Do I need a guarantor/co-applicant for used car loan?

No, you do not need one. But in case your income fails to meet our eligibility criteria you can club the income of your father/mother/spouse with your income by making them a co-applicant.

Q18. What is the NOC Process?

After the repayment of the loan, you will receive a NOC from our side which will help you remove the hypothecation of Hero FinCorp from your RC.

Q19. How can I change the mode of repayment/ account for my loan?

You can change the mode of payment by getting in touch with the customer care at or by calling 1800-102-4145

Q20. What will be done with the post dated cheques if I request to change the mode of repayment/ account for my loan?

You can write to us for getting them back at after giving Post dated cheques for the new mode of payment.

Q21. How do I obtain a NOC from the Hero Fincorp if my Registration Certificate is mutilated and I wish to apply for a duplicate Registration Certificate book for a vehicle under finance with Hero Fincorp?

You can write to us at or call 1800-102-4145 for receiving a duplicate copy.

Q22. Is Hero Fincorp responsible for delivery of the vehicle?

No, Hero FinCorp shall not be responsible for delivery of the vehicle for which the loan has been availed. The Borrower shall be responsible for delay, non-delivery, or any defect, damage or quality of the Vehicle. The Hero FinCorp shall not be responsible or liable if there is any defect or dispute of any nature in the title (even if it is found to be a stolen Vehicle) or ownership of the Vehicle and the Borrower shall independently satisfy itself in this regard.

Q23. Do I have the option to make a bounced EMI payment?

Yes, you can pay them through the multiple payment options available on our website or through the executive assigned to you.

Q24. Will I be able to get finance if I am buying from a relative or Friend?

Yes, you are eligible for finance in this case.

Q25. What if my question not listed here?

You can send in your queries at

Q26. Is there any security/ collateral required for this loan?

No, the car is hypothecated to Hero FinCorp, and after the repayment, the hypothecation can be removed.

Avail finance for used cars easily from us for both certified and non-certified cars. As one of the leading lenders, we offer second hand car loans starting from INR 0.5 lac to INR 50 lac for all car brands, and flexible tenures that goes up to 5 years. The loan-to-value ratio or LTV can go up to 175% and the approval happens usually in less than 48 hours. Our used car loan interest rates are low and attractive, and the repayment options are flexible too. Other advantages include easy documentation, doorstep service, quick approvals, efficient customer service, and branches in over 240 Indian cities. Existing or past customers of Hero FinCorp can also expect more attractive used car finance rates. To be eligible for used car loans, you need to be an Indian resident above 18 years. If you are salaried, you should have been employed for minimum 1 year . And if you own a business, you should have at least 1 year experience in the same. For documentation, you need to submit valid income proofs, KYC documents and passport size photographs. So fill the form above and get your dream four-wheeler today!

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